Move-In Ready Corner Office
1101 Indiana Avenue, La Porte, IN 46350
SINGLE_FAMILY - La Porte, IN
Type:Office
Property size:
1,200 SFLot size:
0.09 AcresPrice / SF:
$140/SF- Added:
- Aug 19, 2025
- Days on Market:
- 317
- Last Refresh:
- Jul 1 at 4:06 pm
Property Features for 1101 Indiana Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Rooms
- Basement
- Parking
- 7
- Parking features
- Open, On Street, Garage
- Interior features
- Ceiling Fan(s), Granite Counters, Entrance Foyer, Crown Molding
- Exterior features
- Lighting, Rain Gutters
- Basement
- Unfinished
- Appliances
- Gas Water Heater, Stainless Steel Appliance(s), Refrigerator, Microwave
- Standard status
- Active
- APN
- 460636363001000043
- Size
- 1,200 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- 05-06-36-363-001 39 FT E SD IND X 98.18 FT S SD OSBORN ST HAIL & COLUMBIA
- Tax Annual Amount
- 2992
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1942
Listing agent Pete LaSalle License #RB14037664 (219) 707-2476
Listing office Listing Leaders 410 Lincolnway, Valparaiso, IN (219) 462-5478
Listing date Aug 19, 2025
MLS# 826347
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Updated about 3 years ago with new roof, gutters, soffits, fascia, exterior entry stairs, lighting, flooring, and water heater
- Commercial office building offers 4–5 private office suites plus a spacious conference room overlooking Indiana Avenue
- Custom reception area with quartz counters and workspace, plus breakroom with granite counters, bar‑top seating, farmhouse sink, white cabinetry, and mini‑fridge
- Remodeled bathroom and high‑speed fiber internet, with entrance foyer featuring crown molding and ceiling fans
- Parking includes a garage plus on‑street and open parking; also includes bonus spaces: unfinished garage with overhead door & opener and an upstairs bonus space with closet
- Year built 1942; public water and public sewer; 2 new front entry doors scheduled for July 2026
Overview
This remodeled commercial office building offers a move-in-ready setup for professional use. The interior includes 4–5 private office suites, a spacious conference room overlooking Indiana Avenue, and a custom-built reception area with quartz counters and workspace. Additional amenities include a remodeled bathroom and a breakroom with granite counters, bar-top seating, a farmhouse sink, white cabinetry, and mini-fridge. The building also features bonus space options, including an unfinished garage with an overhead door and opener and an upper-level space with a closet that could be finished for additional office use or used as storage. For further expansion, there is an unfinished attic. Updates completed within the last three years include a new roof, gutters, soffits, fascia, exterior entry stairs, lighting, flooring, and a water heater, supporting a turn-key experience for the next tenant or owner.
The property is located on a high-visibility corner on historic Indiana Avenue in La Porte. Parking is available via private parking and street parking, providing flexibility for staff and visitors.
With a combination of private offices, conference space, and optional storage or office areas, the layout can support a single company or multiple businesses under one roof. Recent building improvements and available signage options on the front and back can help establish a functional, presentable workplace for teams that need a ready-to-operate environment.
The property is located on a high-visibility corner on historic Indiana Avenue in La Porte. Parking is available via private parking and street parking, providing flexibility for staff and visitors.
With a combination of private offices, conference space, and optional storage or office areas, the layout can support a single company or multiple businesses under one roof. Recent building improvements and available signage options on the front and back can help establish a functional, presentable workplace for teams that need a ready-to-operate environment.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.0k | $15.00 |
| − Vacancy | −$1.7k | −$1.38 |
| EGI | $16.3k | $13.62 |
| − OpEx | −$4.1k | −$3.41 |
| NOI | $12.3k | $10.22 |
1,200 SF · lease $15.00/SF/yr · vacancy 9.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$175.1K
$153.2K – $204.3K
NOI $12,258 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$333.6K
$291.9K – $389.2K
NOI $23,352 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
360 Property Management ...
Property Management Company
Location Insight
- Map
- Local Demand
- City
- La Porte
- County
- LaPorte
- State
- Indiana
- Longitude
- -86.718436
- Latitude
- 41.606826
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Remodeled office building with private suites, conference space, and bonus storage or office areas on a high-visibility corner.
Where is this office units located?
The property is located at 1101 Indiana Avenue La Porte, IN.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Updated about 3 years ago with new roof, gutters, soffits, fascia, exterior entry stairs, lighting, flooring, and water heater; Commercial office building offers 4–5 private office suites plus a spacious conference room overlooking Indiana Avenue; Custom reception area with quartz counters and workspace, plus breakroom with granite counters, bar‑top seating, farmhouse sink, white cabinetry, and mini‑fridge
